Wellington Management Group LLP Purchases 236,184 Shares of SharkNinja, Inc. $SN

Wellington Management Group LLP grew its position in shares of SharkNinja, Inc. (NYSE:SN) by 228.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 339,476 shares of the company’s stock after purchasing an additional 236,184 shares during the period. Wellington Management Group LLP owned about 0.24% of SharkNinja worth $51,692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SN. Clearstead Trust LLC bought a new position in shares of SharkNinja during the 2nd quarter valued at about $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in SharkNinja in the first quarter worth approximately $27,000. Transamerica Financial Advisors LLC grew its position in SharkNinja by 459.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after acquiring an additional 248 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of SharkNinja during the fourth quarter worth approximately $38,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 price objective on shares of SharkNinja in a research note on Thursday, August 6th. TD Cowen boosted their price target on shares of SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Guggenheim lifted their price objective on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $200.00 target price (up from $181.00) on shares of SharkNinja in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $188.59.

SharkNinja Stock Down 0.3%

Shares of SharkNinja stock opened at $174.65 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. SharkNinja, Inc. has a 52-week low of $83.12 and a 52-week high of $194.54. The company’s 50 day moving average price is $166.45 and its 200-day moving average price is $134.28. The stock has a market capitalization of $24.60 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 2.07 and a beta of 1.24.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Activity

In other news, insider Neil Shah sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the transaction, the insider directly owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 100,000 shares of company stock valued at $18,613,911 in the last 90 days. 40.80% of the stock is currently owned by insiders.

SharkNinja Company Profile

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.